$LUNC 🏛️ US SEC Reaches Settlement With Terraform Labs, Luna Classic ($LUNC ) Could Face Pressure

The US Securities and Exchange Commission (SEC) has reached a landmark settlement with Terraform Labs and its founder Do Kwon, related to the collapse of the Terra Luna ecosystem in 2022. This agreement, if approved by the court, could have significant implications for the market, especially for the Luna Classic (LUNC) community.
🔹 Terraform Labs and Do Kwon will have to pay a massive fine and restitution, estimated to be over $4.5 billion.
🔸 Part of the agreement may include Terraform Labs ceasing operations and Do Kwon being permanently banned from the crypto industry.
🔹 Although this settlement targets the original Terraform Labs, it could create uncertainty and selling pressure on related tokens like Luna Classic (LUNC), which was revived by the community after the collapse.
🔸 This ruling could also set a precedent for how the SEC approaches other crypto projects in the future, particularly regarding the classification of tokens as securities.
This is a historic event for the crypto space. Do you think this settlement will bring an end to the controversies surrounding Terra Luna, or is it just the beginning of new legal challenges for other projects?